Uruguay recently confronted the impact of a once-in-a-century severe drought, which affected key agricultural areas, and caused significant direct losses to the agricultural sector, especially for soybean production and cattle farming - important exports in Uruguay's trade matrix. From October...

This paper examines the effects of the introduction of mobile number portability (MNP) using data from Uruguay. MNP allows customers to switch mobile providers while retaining their phone number, thereby reducing switching costs and potentially enhancing competition. Our analysis reveals that...

This paper examines the transition from exclusive card network-acquirer relationships to a multi-acquiring model. Using the case of Uruguay's adoption of multi-acquiring in 2022, as part of a broader financial inclusion program, we document significant market dynamics, including restructured...

This paper explores how job vacancy data can enhance labor market information systems (LMISs) in Argentina and Uruguay where, as in many countries, data on in-demand skills is lacking. By analyzing job postings collected over four years in Argentina and Uruguay, this study assesses the potential...

This paper examines the effects of the introduction of mobile number portability (MNP) using data from Uruguay. MNP allows customers to switch mobile providers while retaining their phone number, thereby reducing switching costs and potentially enhancing competition. Our analysis reveals that...

This paper examines the transition from exclusive card network-acquirer relationships to a multi-acquiring model. Using the case of Uruguay's adoption of multi-acquiring in 2022, as part of a broader financial inclusion program, we document significant market dynamics, including restructured...

This paper examines the relationship between wages and market power at the firm level. We derive firm-specific measures of labor market power and present a natural decomposition of wage changes into shifts in labor market power and labor productivity. Our findings indicate that 50-60 percent of...

This paper provides novel insights into labor market dynamics during the COVID-19 pandemic and the subsequent recovery period in Uruguay. Using social security administrative records, we focus on the gender-differentiated patterns of labor market transitions following the pandemic outbreak,...

Die globale Gesundheitsstrategie der Europäischen Union (EU) von November 2022 zielt auf eine offene strategische Autonomie im Arzneimittelsektor. Dies wird zwangsläufig zu einer Neugestaltung sowohl der Liefer- und Wertschöpfungsketten der EU als auch ihrer Handelsbeziehungen führen. Das...

The European Union's (EU) Global Health Strategy calls for open and strategic autonomy in the field of pharmaceuticals, which would lead to the redesign of EU global supply and value chains as well as trade relations. As the EU and Germany are seeking to diversify their trade partners, the...

Uruguay is an economy that is vulnerable to precipitation patterns, as evidenced during the country's historic 2022/23 drought. Yet, and despite its rich macroeconomic and climate data environment, the country does not have a consistent macroeconomic model to address the aggregate impact of...

This country report provides a description of the emergence of a health care system under public responsibility in Uruguay. The inception of the health care system refers to the first legislation stipulating entitlements to medical care. The report also includes a brief description of major...

In 2023, Uruguay confronted the impact of a once-in-a-century drought, causing significant direct losses to the primary sector. The economic situation in Argentina created further headwinds for Uruguay, although with no signs of financial spillovers. The economy remained resilient, owing to the...

The recent increase of inflation globally has led to a renewed interest in understanding the link between inflation and wages. In Uruguay, the presence of centralized wage bargaining and indexation practices raises the question as to what extent wage growth dynamics can make the response of...

Die globale Gesundheitsstrategie der Europäischen Union (EU) von November 2022 zielt auf eine offene strategische Autonomie im Arzneimittelsektor. Dies wird zwangsläufig zu einer Neugestaltung sowohl der Liefer- und Wertschöpfungsketten der EU als auch ihrer Handelsbeziehungen führen. Das...

The European Union’s (EU) Global Health Strategy calls for open and strategic autonomy in the field of pharmaceuticals, which would lead to the redesign of EU global supply and value chains as well as trade relations. As the EU and Germany are seeking to diversify their trade partners, the...

Purpose This study examines how perceived institutional support, parental role models, and entrepreneurial self-efficacy, representing both macro-level and personal-level factors, collectively influence students' intentions to pursue entrepreneurship in Mexico and Uruguay....

The objective of the article is to carry out a review of the subject of composite indicators, especially that related to the methodological process associated with their construction, detailing and discussing the various steps linked to said process, using the construction of the Competitive...

In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...

COVID-19 caused an overwhelming wave with large social and economic consequences and huge policy challenges. We provide an evaluation of the impact of the social, economic, and financial policy measures undertaken to ameliorate its negative consequences in Uruguay. Overall, we find that the...

We developed a dynamic stochastic general equilibrium (DSGE) model for a small, open economy with a banking sector and endogenous default to assess two macroprudential tools: countercyclical capital buffers (CCB) and dynamic provisions (DP). The model is estimated with data for Uruguay, where...

Parental leave has been increasingly used as a family policy to facilitate balancing care and work responsibilities and promoting gender equality. However, fathers' parental leave participation is still low, even when it offers both job and wage protection. This paper examines the effects of an...

The adoption of inflation-targeting regimes has led central banks to devote considerable efforts to improve their transparency. Following this trend, several authors have developed tools to measure and compare the levels of transparency of central banks. This paper undertakes this task for the...

In this paper, we provide an analysis of financial literacy in Peru and Uruguay. We find that the knowledge of simple concepts at the basis of financial decision-making is low in both countries. Not only is financial illiteracy widespread, but it is particularly acute among women, rural...